Ground is being broken Thursday on a new industrial park in Mt. Sterling. The event is set to be attended by Lieutenant Governor Jacqueline Coleman and Rocky Adkins.
Jason Rainey, Executive Director for the Mount Sterling Montgomery County Industrial Authority, said the new park will go a long way to meet the needs of a growing region.
“And that’s 165 acres, and that has been able to come to fruition thanks to the Kentucky Product Development Initiative grant that we were awarded. Super excited about what that means for the I-64 corridor, Mt. Sterling, and the whole region,” said Rainey.
This will be the third industrial park in the county. Rainey said currently Montgomery County has nearly 1,000 acres of industrial land, which is almost at capacity. The Industrial Authority leader said the new park will help companies expand and allow new businesses to come into the area.
“Our trade area in Mt. Sterling is almost 62,000 people, folks coming in for work, for shopping, for medical, all these types of things, and so trying to continue to lean into opportunities to grow the economy and good jobs there in the community, so this land will do that,” said Rainey.
Rainey said getting the property prepared will be a long process, but he is hopeful that they will have the land ready for use by summer 2025.
The official ceremony is scheduled for 10 a.m. following the annual chamber breakfast for the Montgomery County Industrial Authority.